Fondo Adelante Archives

MEDA’s Fondo Adelante Announces Launch of Largest National Loan Fund for the Growth of Latino-Owned Small Businesses, in Partnership with NALCAB and Wells Fargo

Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Nov. 14, 2019 MEDA Announces Launch of Largest National Loan Fund for the Growth of Latino-Owned Small Businesses, in Partnership with NALCAB and Wells Fargo $10 million Wells Fargo Foundation grant is designed to…

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Fondo Adelante Rapid Acquisition Fund Poised to Build Capacity of Small Sites Program Across San Francisco

Co-authored by: Director of Fondo Adelante Nathanial Owen  Chief Strategy Officer Lucy Arellano Baglieri (Part 2 of 2) Small Sites. It’s anything but small. Once a $3 million pilot program with MEDA, the San Francisco Small Sites Program is today a $40 million per year housing preservation strategy funded through a combination of City general…

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MEDA Harnessing the Power of San Francisco’s Small Sites Program, 25 Buildings and 400+ Residents Saved So Far

Co-authored by: Director of Fondo Adelante Nathanial Owen  Chief Strategy Officer Lucy Arellano Baglieri (Part 1 of 2) How does a longtime community-based organization in a span of five years go from solely providing direct services to becoming an innovative affordable-housing developer? Well, MEDA’s trajectory has been unique, but it is a model now ready…

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Two MEDA Fondo Adelante Loan Recipients Are Semifinalists for 2019 James Beard Awards

If you’ve never heard of Palestinian musakhan (braised chicken with sumac and caramelized onions) or Cambodian amok (catfish steamed in a savory coconut-based curry and topped with an egg), then you should take note. Those are the signature dishes at Reem’s and Nyum Bai, respectively, which are a pair of MEDA clients based on the…

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Innovations in Lending: How Three CDFIs Are Deepening Their Commitment to Latino Entrepreneurs

Co-authored by: Chief Credit Officer Nelly Rojas-Moreno, LiftFund Chief Credit Officer and Head of Small Business Programs Oswaldo Acosta, Latino Economic Development Center Director of Fondo Adelante, Nathanial Owen, MEDA Lending to Latino entrepreneurs is a strong business model for any CDFI. That is the fundamental message being put forth by a trio of nonprofit…

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Fondo Adelante Receives $300,000 CDFI Financial Assistance Award

Christopher Gil Associate Director of Marketing and Communications Mission Economic Development Agency (MEDA) (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE September 19, 2018 Fondo Adelante Receives $300,000 CDFI Financial Assistance Award Will strengthen sustainability of MEDA’s San Francisco Bay Area community loan arm San Francisco — The nonprofit Mission Economic Development Agency (MEDA) has announced…

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Fondo Adelante Name Change Reflects MEDA’s Ongoing Commitment to Serving the Mission District, and the Bay Area’s Latino Community

What’s in a name? A lot actually. MEDA is excited to announce that it has legally changed the name of its community loan fund to Fondo Adelante. Explains CEO Luis Granados, “We wanted to better reflect the Latino community in our loan fund’s name. ‘Adelante’ literally means ‘move ahead’ in Spanish, and the addition of…

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MEDA’s Adelante Fund Becomes a Certified CDFI

Lend an ear to this exciting news: Adelante Fund, MEDA’s community loan arm, just became a certified Community Development Financial Institution (CDFI). With only about 1,000 CDFI’s across the land, and just 11 others based in San Francisco, this is especially big news. Additionally, MEDA is the only San Francisco CDFI focusing primarily on providing…

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Adelante Fund Marks Milestone of $1 Million in Small-Business Loans

Christopher Gil Senior Content Marketing Manager Mission Economic Development Agency (415) 282-3334 ext. 152 cgil@medasf.org FOR IMMEDIATE RELEASE Feb. 27, 2017 Adelante Fund Marks Milestone of $1 Million in Small-Business Loans MEDA providing loans primarily to immigrants denied access to capital by traditional lenders San Francisco, Calif. — The Mission Economic Development Agency (MEDA) has reached a…

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El Gran Taco Loco to Reopen with Help of $70K Adelante Fund Small-Business Loan

“I felt like I had lost everything. When something like this happens, it’s hard to stay positive.” That’s how Mexican immigrant Saul Chavez (photo, center), co-owner of El Gran Taco Loco with his spouse Angelica Quezada, describes his emotions following the destruction of his commercial space in the Mission and 29th streets fire last June…

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